Comments on: The economic statistic of the decade http://blogs.reuters.com/felix-salmon/2009/12/31/the-economic-statistic-of-the-decade/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: loph4t http://blogs.reuters.com/felix-salmon/2009/12/31/the-economic-statistic-of-the-decade/comment-page-1/#comment-10766 Mon, 04 Jan 2010 22:51:49 +0000 http://blogs.reuters.com/felix-salmon/2009/12/31/the-economic-statistic-of-the-decade/#comment-10766 from Robert Pozen on How to restore confidence in loan securitisation http://www.ft.com/cms/s/0/f45e6dbc-e8af- 11de-9c1f-00144feab49a.html – “In 2006, before the financial crisis, banks accounted for less than 25 per cent of all credit extended in the US; most loans were originated by non-bank lenders such as auto finance companies, credit card issuers and insurance companies. These non-bank lenders depend heavily on loan securitisation… In 2006, the US volume of loan securitisation was $100bn per month; in 2009, this volume is averaging less than $5bn per month.”

there’s your (‘wile e. coyote’ over the edge) collapse; it’s not that banks aren’t lending so much as median income is falling… http://online.wsj.com/public/resources/i mages/P1-AL265_COMPAR_20080420183003.gif

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By: jomiku http://blogs.reuters.com/felix-salmon/2009/12/31/the-economic-statistic-of-the-decade/comment-page-1/#comment-10650 Thu, 31 Dec 2009 21:14:44 +0000 http://blogs.reuters.com/felix-salmon/2009/12/31/the-economic-statistic-of-the-decade/#comment-10650 My favorite graph is the one that shows the rise in mortgages broken into categories because then you see the massive increase driven by securitization – as opposed to the GOP blaming Fannie/Freddie. The numbers are simply huge.

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By: Mega http://blogs.reuters.com/felix-salmon/2009/12/31/the-economic-statistic-of-the-decade/comment-page-1/#comment-10644 Thu, 31 Dec 2009 18:55:38 +0000 http://blogs.reuters.com/felix-salmon/2009/12/31/the-economic-statistic-of-the-decade/#comment-10644 The uptick coincided with the influx of recycled dollars from the exporting and oil producing countries. The savings glut kept global interest rates low. American borrowing/spending is quite elastic with respect to interest rates (obviously), while that of, say, the Germans, is not.

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By: maynardGkeynes http://blogs.reuters.com/felix-salmon/2009/12/31/the-economic-statistic-of-the-decade/comment-page-1/#comment-10643 Thu, 31 Dec 2009 18:20:47 +0000 http://blogs.reuters.com/felix-salmon/2009/12/31/the-economic-statistic-of-the-decade/#comment-10643 If hedge funds are a large component of “Household Borrowing”, this chart tells a very different story about what’s been happening over the last decade — financial speculation via cheap money vs. excess personal borrowing by strapped households. Quite different implications….It seems important to know the hedge fund component.

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By: fred5407 http://blogs.reuters.com/felix-salmon/2009/12/31/the-economic-statistic-of-the-decade/comment-page-1/#comment-10637 Thu, 31 Dec 2009 16:54:43 +0000 http://blogs.reuters.com/felix-salmon/2009/12/31/the-economic-statistic-of-the-decade/#comment-10637 I think that the borrowing drop is significant. I think that we might be seeing that wealth means having things that are not financed. I believe that we will see a new generation of cash customers. Buying commodities are just like buying collector cars. You have to have too many before you quit buying.

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By: MattF http://blogs.reuters.com/felix-salmon/2009/12/31/the-economic-statistic-of-the-decade/comment-page-1/#comment-10634 Thu, 31 Dec 2009 16:22:18 +0000 http://blogs.reuters.com/felix-salmon/2009/12/31/the-economic-statistic-of-the-decade/#comment-10634 Is this the derivative of “Total Household Debt”?…

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By: EAFEPro http://blogs.reuters.com/felix-salmon/2009/12/31/the-economic-statistic-of-the-decade/comment-page-1/#comment-10633 Thu, 31 Dec 2009 16:12:08 +0000 http://blogs.reuters.com/felix-salmon/2009/12/31/the-economic-statistic-of-the-decade/#comment-10633 You know what is amazing is the growth in China! The Chinese government has been buying aluminum and copper like no tomorrow! See the full report here: http://eafepro.com/content/chinese-growt h-story-heading-bubble

The question remains is why is the Chinese buying when their demand is at a low?

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By: mattm http://blogs.reuters.com/felix-salmon/2009/12/31/the-economic-statistic-of-the-decade/comment-page-1/#comment-10627 Thu, 31 Dec 2009 15:31:57 +0000 http://blogs.reuters.com/felix-salmon/2009/12/31/the-economic-statistic-of-the-decade/#comment-10627 There is one full year remaining in the decade that consists of the first ten years of the 21st century. There are no more years remaining in the decade that consists of the ten years beginning with 2-0-0. Each of them is “the current decade” (as is the decade that consists of the years 2007 through 2016). It turns out that the overwhelming majority of the population finds it most appealing to review the history of a decade defined as the set of years with the same three initial digits, and they are in no way wrong to do so.

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By: MarkWolfinger http://blogs.reuters.com/felix-salmon/2009/12/31/the-economic-statistic-of-the-decade/comment-page-1/#comment-10625 Thu, 31 Dec 2009 15:14:03 +0000 http://blogs.reuters.com/felix-salmon/2009/12/31/the-economic-statistic-of-the-decade/#comment-10625 Why talk about the decade now?

There’s one full year remaining in the current decade.

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